Kotak Mahindra Bank Senior Associate salaries in India (Updated 2025)

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Job security

Dislikes

Poor compensation - No increments given in 2020 despite a great year for the bank. Senior mgmt. benefits from stock options while increments and bonuses for Senior Associates/VPs are significantly lower than peers.

Likes

You get a lot of learning exposure. Job security is very good. 5 days working benefit. Overall a great experience.

Dislikes

Newly recruited person are taken for high salary where as existing employees do not have the value. Work for 2 years and change the company we ll have dignity then. Wen required sales and when required service changes in sop very frequently. We end up learning n experience all these as well.

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Only positive part was a decent salary as a fresher.

Dislikes

First- pathetic work culture. Managers will abuse you to such an extent that you will end up resigning if you have dignity and self respect. Second - other than selling life insurance and general insurance you won't be getting any other work. As a fresher there is no learning even managers work was only to meet customers and sell life insurance. Third- no growth untill you achive unrealistic targets in a year then also you have to meet so many conditions to get promoted which is never gonna happen so you end up in the same position for atleast 2 or 3 years with mere 3-4% hike. Fourth - worst bank in terms of customer centric policies and approaches . Every customer only complains due to its pathetic products and customer service. Fifth- no work life balance . Manager will call you at night or make you sit on the office for not achieving stupid targets. Advice- As a fresher don't go to private banks especially kotak as they will only put you in sales and expect you to do the same amount of work which their 10+ yrs of experienced RMs doing.

Likes

Support and encouragement is and employees coordination and bonding with colleagues work culture is so good.

Dislikes

Not good salary hikes we have make buckets to managers who will put more bucket they will get good hikes ad promotions, Thier is no promotions for hardwork

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Work friendly with team members.

Dislikes

...cpc branches, sitting capacity in branches very low . Number DST ALSO VERY LOW . DST salary also very low no increments for front line sales . and no promotions. Fully manual work with compared other banks and NBFC's. Even no festival holidays in month ends. Month end Sunday are working days.